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Goldman Sachs: 10 Reasons To Sell ExxonMobil Now In January 2017, Rex Tillerson left to join the Trump administration as Secretary of State (and was permitted to sell more than $50 million in directly held Exxon stock tax free). His replacement, CEO Darren Woods — now nearly four years into the job — has ...
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A 'Tidal Wave' of Power Cuts May Be Coming as Electric Companies Resume Shutoffs For people who lost jobs or income during the pandemic, life has been a series of terrifying deadlines. There was July 24, the end of a federal eviction moratorium from government-backed housing, which had protected about one-third of renters. There was ...
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Dow Stocks: The Pros' Third-Quarter Rankings The Dow Jones Industrial Average just shook things up, adding three new blue-chip members. Here are the analysts' rankings of all 30 Dow stocks. by: Dan Burrows. August 31, 2020. Getty Images. Advertisement. The Dow Jones Industrial Average has a ...
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Billionaire Warren Buffett just turned 90—here are 6 pieces of wisdom from the investing legend Berkshire Hathaway CEO and self-made billionaire Warren Buffett turned 90 on Sunday, August 30. And he's not slowing down. In honor of the Oracle of Omaha's big day, CNBC Make It rounded up six of his best pieces of investing — and life — advice.
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Chase announces new Freedom Flex credit card, plus additions to Chase Freedom Unlimited CNN Underscored reviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through The Points Guy affiliate network if you apply and are approved for a card, but our reporting is always ...
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TREASURIES-Longer-term yields tumble as Fed policy details sought (Recasts, updates yields, adds analyst comment) By Karen Pierog CHICAGO, Aug 31 (Reuters) - U.S. Treasury yields on the longer end of the curve fell on Monday with investors scurrying back to the market following last week's run-up in yields in the wake of ...
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A major internet outage on Sunday took Hulu, Amazon, and 3.5% of the world's internet traffic with it A giant internet outage, due to an issue at major telecommunications company CenturyLink, wiped out 3.5% of global internet traffic on Sunday. The outage affected web giants including Amazon and Hulu as well as individual internet users. The outage ...
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How do you navigate a State Fair during a pandemic? You drive through (CNN) Like other fairs around the country, the Minnesota State Fair looks a little different this year. For starters, no one can get out of their car. Over three weekends this summer, those lucky enough to snag a ticket to the Great Minnesota Get Together drive a ...
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Wayfair Labor Day Sale 2020: Great Deals On Furniture & Appliances Labor Day weekend can be bittersweet, but Wayfair is here with a holiday sale to end summer on a high note. The site, which is known for trendy-yet-affordable furniture and home goods, has select furniture, décor and outdoor living items marked up to 70% ...
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JC Penney Sale Talks Stall, Pushing Retailer to Brink NEW YORK (Reuters) - J.C. Penney Co Inc's talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lenders.
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GE's stock drops after JP Morgan analyst withdraws price target, saying he's now 'more negative' Shares of General Electric Co. GE, -4.69% dropped 4.3% in afternoon trading Monday, after J.P. Morgan analyst Stephen Tusa withdrew his price target, saying he's now "more negative" on the industrial conglomerate heading into the back-half of 2020.
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Billionaire Bill Ackman says mandatory investing accounts for every US child could combat wealth inequality The US could combat the disparity with mandatory investing accounts for every US-born child, Ackman said, adding that if returns continue to average 8% per year, a $6,750 investment at birth would yield more than $1 million by retirement.
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Ford Stock Is for Patient Investors Only Ford Motor (NYSE:F) shareholders probably feel as if they've been waiting endlessly for a turnaround. The iconic automaker earned a record pre-tax profit of $10.8 billion in 2015. However, it's been all downhill from there. Last year, Ford's adjusted pre-tax ...
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WHO stresses 'seriousness and reflection' in emergency authorization of coronavirus vaccines WHO scientists Soumya Swaminathan and Mike Ryan expressed caution when approving coronavirus treatments for emergency use without comprehensive data. This comes as the FDA's Stephen Hahn said a vaccine candidate may be fast-tracked to ...
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Medicare proposes coverage of 'breakthough' medical devices CMS is proposing for Medicare to cover all medical devices designated by the Food and Drug Administration as breakthrough devices. The proposed rule, released Monday, is in response to a Trump administration executive order from late 2019 that tasked ...
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Elon Musk Becomes The World's Fifth $100 Billion-Dollar Man Tesla stock soared Monday after a stock split, lifting Elon Musk's net worth to $100.7 billion as of 2 pm ET. Shares jumped 10.3%, boosting Musk's net worth by $8.2 billion since late Friday. Forbes calculates that he is now the fifth centibillionaire in the world, ...
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Fed's Bostic Expresses Worry About Declining Fiscal Support for Economy Federal Reserve Bank of Atlanta President Raphael Bostic said there are limits to how much the central bank can aid the economy in a health crisis, adding he is worried about the rest of the government pulling back support when the rebound from the ...
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Amazon gets closer to drone delivery with FAA approval Washington, DC (CNN) Amazon received a critical certificate from the Federal Aviation Administration on Saturday, bringing it a step closer to launching drone delivery in the United States. Amazon (AMZN) now has what's called a Part 135 air carrier certificate ...
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Coinbase Adds Marc Andreessen as Board Observer, Replacing Chris Dixon Coinbase has added legendary investor Marc Andreessen of venture capital firm Andreessen Horowitz and Gokul Rajaram, a DoorDash executive, to its board of directors. Andreessen, whose tech-focused venture firm manages $12 billion, will operate as a ...
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Vir Biotechnology and GSK Launch Phase 2/3 Study of COVID-19 Antibody Vir Biotechnology (NASDAQ:VIR) and GlaxoSmithKline plc (NYSE:GSK) announced that they have started dosing patients in a phase 2/3 clinical trial of VIR-7831 (or GSK4182136, as it's also known), a monoclonal antibody for early treatment of COVID-19 ...
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TIM OKs grid stake sale to KKR, endorses government plan for ultrafast network MILAN (Reuters) - Telecom Italia (TIM) said on Monday its board had approved a sale of a minority stake in its last-mile grid to U.S. investment firm KKR while endorsing a government plan to create a single ultrafast network with rival Open Fiber. TIM, which is ...
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Stansted Airport: Two held over 'suspicious device' on plane released Two men arrested after reports of a "suspicious device" in a passenger plane's toilet have been released without charge. RAF jets were scrambled to intercept the Ryanair plane and escorted it to Stansted at about 19:00 BST on Sunday. Counter-terror officers ...
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'Cambridge is a ghost town': A popular Kendall Square brunch spot is closing for good A Cambridge brunch hotspot that temporarily closed at the start of the coronavirus pandemic is shutting its doors permanently. The Friendly Toast, a local chain of breakfast spots with six locations in three states, announced that its Cambridge location in ...
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GasBuddy: Prices at pump could tick upwards before Labor Day (GasBuddy) For the second straight week, the national average price of gasoline has edged higher, posting a gain of 3.5 cents per gallon over the last week to $2.22 Monday according to GasBuddy data compiled from more than 11 million individual price ...
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Wall Street Looking Upbeat: 7 ETFs Up At Least 5% Last Week Wall Street was upbeat last week with the S&P 500, the Dow Jones and the Nasdaq gaining about 3.3%, 2.6% and 3.4%, respectively. On Aug 27, the Federal Reserve announced a new strategy to bring back the United States to full employment level and ...
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Utilities are slowing down the clean energy transition, report says Even as the world has added a record amount of new renewable power, utilities globally have moved too slowly to transition away from fossil fuels to generate electricity, according to a study published Monday, Aug. 31, in Nature Energy. Between 2001 and ...
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Abbott Laboratories Gets a Price target Boost at Credit Suisse Credit Suisse raised their price target on Abbott Laboratories from $109 to $136 while reiterating their Outperform rating based on the company's ability to provide new COVID-19 testing. Abbott has played a significant role in helping fight the COVID-19 ...
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Turkish Airlines Halves Pilot Wages in Labor Pact With Union Turkish Airlines agreed with a union to cut pilot wages by half through 2021 and reduce salaries for other workers to help mitigate the impact of the coronavirus pandemic on air travel. The state-run national carrier struck the agreement with labor groups on ...
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Gold futures gain for the session, fall for the month Gold futures climbed Monday, but prices based on the most-active contract settled modestly lower for the month. Monday's move for gold comes on the heels of weakness in the ICE U.S. Dollar Index DXY, -0.28% , which provided support for ...
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Extended-range 5G data call shows mmWave's suitability for FWA Qualcomm Technologies, Casa Systems and Ericsson have completed an extended-range 5G New Radio data call over millimeter-wave spectrum, which according to the companies, is the world's first. Performed in regional Victoria, Australia on June 20, ...
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Report: SF-based Wish confidentially files IPO paperwork San Francisco-based e-commerce unicorn Wish has confidentially submitted paperwork with the U.S. Securities and Exchange Commission to go public, Reuters reported Monday. The San Francisco-based bargain shopping app is reportedly valued at $11.2 ...
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New Zealand stock market hit by cyberattack, keeps trading (Reuters) — The New Zealand stock market was hit by a fifth day of cyberattacks on Monday, crashing its website, but maintained trading after switching to a contingency plan for the release of market announcements. NZX Ltd. was halted for most of last week ...
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BTS usher in Hyundai's Ioniq sub-brand with something for K-pop fans BTS, the K-pop sensation sweeping the world, has another gig. They're "brand ambassadors" for Hyundai, and promotion certainly comes with the territory for such a title. Naturally, Hyundai is cashing in on the group's tremendous popularity, hot on the heels ...
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Publix ends one-way aisles in most of its stores (Gray News) – Publix is rolling back one of its pandemic precautions as the nation's coronavirus outbreak continues. "One-way aisles have been discontinued in Publix stores not currently under local ordinance requiring this measure," according to Maria ...
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Texas Lotto jackpot climbs to $36.75M, largest prize in more than a decade TEXAS, USA — *EDITORIAL NOTE: The above video is from 2019 when a $15.5 million Texas Lotto ticket was sold in Houston.*. Feeling lucky? Have your hands been itching lately? If so, now is a good time to start gathering those loose coins in your car's ...
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A TikTok Deal Is Reportedly Near, Unless New China Rules Get In the Way There are two contrasting threads Monday morning in the TikTok soap opera. CNBC is reporting that ByteDance, TikTok's China-based parent, has decided on a buyer for the video app's U.S., New Zealand, and Australian businesses, and that a deal could be ...
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Free coronavirus testing program begins in Las Vegas area LAS VEGAS (AP) — Health officials in Las Vegas are launching a drive-thru coronavirus testing blitz, with help from the federal government and a goal of reaching 60,000 people. Appointments are not required but are encouraged at three "Stop, Swab & Go" ...
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Massachusetts alleges in lawsuit that auto lender broke law BOSTON (AP) — A national subprime auto lender made unfair and deceptive loans to thousands of Massachusetts residents, provided investors with false or misleading information regarding auto securities, and engaged in unfair debt collection practices, the ...
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EduTech Outfit Eruditus Raises $113m, as E-Learning Explodes Worldwide Education startup Eruditus has raised $113 million in a Series C funding round, as the company continues to provide universities with online learning options amid the COVID-19 pandemic. The round was led by US venture capital firm Leeds Illuminate and ...
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Steve Cohen in 'exclusive talks' to buy New York Mets: report Steve Cohen, the billionaire hedge fund manager, is reportedly close to becoming the new owner of the team, according to Sportico. Cohen is in "exclusive talks" in buying the club from the Wilpon and Katz families.
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Coronavirus: Face coverings to be mandatory at all Starbucks Canada locations Starting Sept. 14, anyone visiting a Starbucks store across Canada will be required to wear a face covering. The company announced the move Monday, saying they are continuing to help stop the spread of COVID-19 and keep their employees and ...
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Study: AstraZeneca's Farxiga sharply cuts risk of renal failure in patients with chronic kidney disease AstraZeneca's Farxiga demonstrated what the company called an "unprecedented reduction" in the risk of kidney failure and cardiovascular or renal death in patients with chronic kidney disease. Farxiga is the first medicine to significantly prolong survival in a ...
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COVID-19 update for Aug. 31: Here's the latest on coronavirus in BC Here's your daily update with everything you need to know on the novel coronavirus situation in B.C. for Aug. 31, 2020. Stephanie Ip More from Stephanie Ip · David Carrigg More from David Carrigg. Published on: August 31, 2020 | Last Updated: August 31, ...
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AUD/USD and NZD/USD Fundamental Daily Forecast – Pro-Risk Aussie, Kiwi Should Benefit from Accommodative Fed The Aussie and Kiwi soared on Friday as the U.S. Federal Reserve's new policy framework suggested that interest rates would remain low. James Hyerczyk. in 3 hours (Aug 31, 2020 03:45 AM GMT). NZD/USD. The Australian and New Zealand Dollars are ...
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FDA warns of hand sanitizers in food-like packaging (HealthDay)—A warning about alcohol-based hand sanitizers in packaging that looks like food or drink has been issued by the U.S. Food and Drug Administration. "The agency has discovered that some hand sanitizers are being packaged in beer cans, ...
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